The student must have at a minimum two semesters of calculus as well as some linear algebra. This is an absolute minimum and is rarely seen as competitive for a financial aid offer. There is a strong admissions and financial aid bias towards students with more mathematics: differential equations, real analysis, mathematical probability and statistics.
Courses called Mathematics for Economists, Mathematics for Social Scientists, and Econometrics are not a substitute for formal Mathematics
We have a system where the engineer or the physicist has greater chance of getting accepted to a PhD in economics than someone who has studied economics at graduate or undergraduate level- don't we need to completely change the content and approach of teaching undergraduate economics?
1 comment:
good comments on the issue at Market Movers http://www.portfolio.com/views/blogs/market-movers/2007/10/17/when-economics-phds-are-too-rigorous-for-economists
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